Officials of Korea Midland Power Co. (KOMIPO), Korean and European investors, including KOMIPO President Park Hyung-koo, attend a ceremony to sign a financial agreement and launch a Swedish wind power farm project in Frankfurt, Germany, on Nov. 5. (Photos: KOMIPO)

Korea Midland Power Co. (KOMIPO), Korean and European investors joined in a ceremony in Frankfurt, Germany, Nov. 5 to sign a financial agreement and launch a Swedish wind power farm project.

Among those on hand at the event were Korean investors, including KOMIPO, Sprott Korea, Hana Financial Investment, Hyundai Motor Securities, and Woori Financial Group and participants from German side, including Prime Capital, NAEV, and Siemens Gamesa.

A bird’s eye view of a project to verify the application of an organic Rankine cycle (ORC) system to a phosphoric acid fuel cell (PAFC) system for the first time in Korea at Boryeong Power Complex.

KOMIPO Strikes MOU with Doosan Fuel Cell

KOMIPO signed an MOU with Doosan Fuel Cell to carry out a joint project to verify the application of an organic Rankine cycle (ORC) system to a phosphoric acid fuel cell (PAFC) system for the first time in Korea.

An ORC facility is a small-size power generation unit using unused heat energy without feeding fuel. The facility is an eco-friendly unit that does not emit air pollutants.

In principle, the system is identical to a Rankine cycle, but it uses organic materials, not working fluid. Organic materials have a lower boiling point than water, allowing turbines to run on hot heat even at a lower temperature.

PAFCs generate electricity and heat at the same time, but heat loss can occur due to a decrease in the utilization rate in summer.

They also have limitations in site selection. If PAFCs are linked with an ORC system, they can produce electric power year-round with waste heat, and face fewer limitations in site selection.

KOMIPO and Doosan Fuel Cell will cooperate in verifying the application of an ORC system to Boryeong Power Complex’s PAFC System (7.48 MW).